The film is about Ajay (Naseeruddin Shah), a young filmmaker, hoping to direct his first film. He has just got married, and shares his hopes with his wife Asha (Anita Kanwar). Asha works as a teacher to support them, while Ajay takes on other work, but is always hoping to make his film. Aadharshila portrays the struggles of young people - especially graduates of the Film and Television Institute of India - to find a foothold in the Indian film industry. The film ends with the completion of the film-within-a-film.
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